US EditionCash ISA changes are coming, Rachel Reeves confirms
Summary by The Independent
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The Independent (US)
The Independent (US)Cash ISA changes are coming, Rachel Reeves confirms
Chancellor Rachel Reeves confirms work is underway in the Treasury on the reforms
·London, United Kingdom
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Cash ISA: What are the alternatives?
Rumours are growing over expected reforms to Cash ISAs, as the Treasury searches for ways to boost its coffers. Under the current ISA regime, savers can place up to £20,000 per tax year in a Cash ISA without paying any tax on the interest they earn. This threshold could be reduced to £4,000 under Labour’s plans to revamp the product. Chancellor of the Exchequer Rachel Reeves held talks with City executives to discuss the proposal, but ultimatel…
·London, United Kingdom
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